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My Magic-8 Ball says, “The future is uncertain . . .”
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AnonymousI always loved science fiction and time travel in particular, which is terribly hard to write in a coherent way. I have concluded that either, the future is unpredictable because the simple fact of predicting it, would change it, or it is unchangeable so all predictions are useless.
On a less philosophical level, if those expert would know, they would not tell us. They would just make money out of it.
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As far as inflation goes , the President can order a price / wage freeze . This has happened before , I think Nixon did it .
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Anonymous@tolik, that would make sure the store shelves will be empty in not time.
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Anonymous@T – I remember the wage and price freezes during the Nixon era. It didn’t solve the inflation problem. As I recall, inflation stopped during the Reagan era, although, I have never been clear as to how that came about. That is one of the reason Reagan is thought a great president.
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Nixon and his advisers had that all wrong. However Carter was worse.
Inflation is caused by printing money with no backing. The “Quantitavive Easing” that the Fed did was the inflation generator.
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Here in the UK we had Thatcher.She only did well( in the face of recession and high interest) because of North Sea Oil tax revenues.
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Russia just struck a deal with India on trade with the understanding that the currency used will be Rubles. Russia and China signed a trade deal some months ago to trade between the two nations using both Rubles and the Yuan. The BRICS nations, (Brazil, Russia, Iran, China, and South Africa) have been working for some time to unseat the US Dollar as the world’ reserve currency/Petro Dollar. Should/when this happens tons of dollars will be flowing back into the US from all over the world who have previously banked dollars. Hyperinflation will be the result because there will be too many dollars chasing too few goods. Imagine your saving loosing 40% or even more very quickly.
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I think it is coming and may in some ways have already started. It will be a slow process I think from the way the stock markets are going up and down. Sooner or later that bubble will burst.. Just be prepared. Pay off any charge cards and anything else you have. Stock some food and keep some cash in a safe in your home somewhere out of sight.
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